Radient Technologies Inc. Announces Proposed Shares for Debt Transaction
December 13 2019 - 7:30AM
Radient Technologies Inc. (“Radient” or the
“Company”) (
TSX Venture: RTI; OTCQX: RDDTF)
announces a proposed shares-for-debt transaction in which the
Company would issue 192,907 common shares, at a price of CAD $0.41
per share, to an arm’s length third party creditor of the Company
in connection with the settlement of an aggregate of USD $60,000 of
debt. The shares for debt transaction is subject to approval by the
TSX Venture Exchange. All securities to be issued pursuant to this
settlement will be subject to a 4-month hold period.
About Radient:Radient
Technologies is a commercial manufacturer of high quality
cannabinoid based formulations, ingredients and products. Utilizing
a proprietary continuous-flow extraction and processing platform
that recovers up to 99% of cannabinoids from the cannabis plant,
Radient develops specialty products and ingredients that contain a
broad range of cannabinoid and terpene profiles while meeting the
highest standards of quality and safety. Please visit
www.radientinc.com for more information.
SOURCE: Radient Technologies Inc.
Investors please contact: William (Bill) Wasson,
Senior VP of Capital Markets and Investor Relations:
wwasson@radientinc.com.
Media/press please contact: Caitlin Cheadle,
Director of Communications: ccheadle@radientinc.com.
Forward Looking Information: This press release
contains “forward-looking information” within the meaning of
applicable Canadian securities legislation. Forward-looking
information includes, without limitation, statements regarding the
Company’s intention to issue shares in order to settle debt, and
the approval of the proposed shares for debt transaction by the TSX
Venture Exchange. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as
“plans”, “expects” or “does not expect”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or
“does not anticipate”, or “believes”, or variations of such words
and phrases or state that certain actions, events or results “may”,
“could”, “would”, “might” or “will be taken”, “occur” or “be
achieved”. Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
Radient, as the case may be, to be materially different from those
expressed or implied by such forward-looking information. Although
Radient has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. Radient does
not undertake to update any forward-looking information, except in
accordance with applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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